IBOV 175,017.19 ▼ 0.56% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,249,524 ▼ 1.27% COLCAP 2,268.93 ▼ 1.01% BVL PERÚ 57,112.22 — — USD/BRL5.10▲ 0.41% USD/MXN17.45▲ 0.35% USD/CLP927.20▲ 0.13% USD/COP3,224▼ 1.11% USD/PEN3.39▲ 0.30% USD/ARS1,474▼ 0.14% USD/UYU40.18▲ 1.21% USD/PYG6,030▲ 1.35% USD/BOB10.63▲ 3.73% USD/DOP58.28▲ 0.05% USD/CRC447.87▲ 1.07% USD/GTQ7.62▲ 2.25% USD/HNL26.73▲ 0.09% USD/NIO36.62▲ 0.34% USD/VES725.63▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.31% USD/TTD6.75▲ 1.34% EUR/BRL5.83▲ 0.43% BRENT 85.38 ▲ 0.51% WTI 79.28 ▼ 0.40% IRON ORE 161.91 — — COPPER 6.34 ▲ 0.80% GOLD 3,989 ▼ 1.36% SILVER 56.19 ▼ 1.61% SOY 1,198 ▼ 0.40% CORN 463.25 ▲ 3.52% WHEAT 672.75 ▼ 0.70% COFFEE 312.25 ▼ 6.64% SUGAR 14.50 ▼ 2.36% ORANGE JUICE 134.85 ▼ 2.88% COTTON 79.07 ▼ 1.85% COCOA 5,377 ▼ 6.28% BEEF 222.53 ▼ 3.30% CATTLE 344.68 ▼ 1.51% LITHIUM 68.98 ▼ 2.93% PETR4 40.66 ▲ 0.17% VALE3 72.97 ▼ 2.07% ITUB4 42.70 ▼ 1.02% BBDC4 18.39 ▼ 1.13% ABEV3 15.59 ▲ 0.13% BBAS3 20.62 ▲ 0.34% B3SA3 15.38 ▼ 1.98% WEGE3 43.90 ▼ 0.81% PRIO3 57.63 ▲ 0.23% SUZB3 42.03 ▲ 1.33% RENT3 39.63 ▼ 1.78% AZZA3 18.60 ▼ 0.32% CSAN3 3.92 ▼ 0.25% RAIZ4 0.30 ▲ 3.45% PCAR3 2.68 ▲ 2.29% GMAT3 3.94 ▼ 1.01% PSSA3 55.04 ▼ 0.33% CVCB3 1.37 ▲ 2.24% POSI3 3.88 ▼ 1.77% SLCE3 13.65 ▲ 1.11% NATU3 8.60 ▼ 0.81% BRKM5 6.17 ▼ 3.74% RANI3 8.06 ▲ 1.00% CSNA3 5.17 ▼ 1.34% CMIN3 5.49 ▲ 4.77% USIM5 8.17 ▼ 0.37% GGBR4 24.19 ▼ 0.04% ENEV3 26.14 ▼ 3.01% CPFE3 46.86 ▲ 0.06% CMIG4 11.03 ▼ 1.08% EQTL3 39.97 ▼ 0.89% LREN3 13.77 ▼ 2.34% VIVT3 35.59 ▲ 0.34% RAIL3 14.06 ▼ 0.07% KLABIN 17.52 ▲ 0.75% RAIA DROGASIL 18.65 ▼ 0.11% RDOR3 35.77 ▼ 0.67% HAPV3 10.77 ▼ 2.00% FLRY3 16.38 ▼ 0.79% SMTO3 15.75 ▲ 1.42% UGPA3 31.96 ▲ 2.77% VBBR3 34.36 ▲ 1.81% BBSE3 40.98 ▲ 0.66% BPAC11 56.71 ▼ 0.58% CURY3 31.97 ▼ 2.32% AERI3 2.02 — 0.00% VIVARA 23.25 ▼ 1.15% COMPASS 24.98 ▼ 0.52% VAMOS 3.21 ▲ 2.88% SANB11 26.87 ▼ 0.48% ASAI3 8.55 ▼ 1.27% SBSP3 29.89 ▼ 0.30% WALMEX 49.36 ▼ 0.68% GMEXICO 200.87 ▲ 0.33% FEMSA 224.27 ▲ 0.61% CEMEX 22.90 ▲ 1.24% GFNORTE 180.13 ▼ 1.82% BIMBO 59.13 ▲ 2.80% TELEVISA 9.55 ▼ 0.10% AMX 22.93 ▲ 0.57% GAP 394.13 ▼ 0.74% ASUR 282.48 ▼ 0.35% OMA 234.56 ▼ 0.27% KOF 178.76 ▲ 1.02% GRUMA 285.80 ▲ 1.59% KIMBER 38.72 ▲ 0.16% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,850 ▲ 0.38% GGAL 8,085 ▼ 1.46% PAMPA 5,150 ▼ 1.72% TXAR 665.50 ▼ 0.82% ALUAR 963.50 ▲ 0.42% TGS 9,570 ▼ 1.85% CEPU 2,300 ▼ 1.88% MIRGOR 16,975 — 0.00% COME 45.04 ▼ 1.29% LOMA NEGRA 3,625 ▲ 0.35% BYMA 301.25 ▼ 0.90% TELECOM ARG 4,265 ▼ 1.16% ECOPETROL 16.00 ▲ 0.13% BANCOLOMBIA 79.30 ▼ 2.77% GRUPO AVAL 4.99 ▼ 0.80% CREDICORP 390.85 ▼ 1.85% SOUTHERN COPPER 176.72 ▼ 2.66% BUENAVENTURA 30.09 ▼ 2.04% MERCADOLIBRE 1,853 ▲ 0.52% NUBANK 13.92 ▲ 0.25% XP 16.72 ▼ 0.92% PAGSEGURO 9.19 ▼ 0.22% STONE 11.21 ▼ 0.66% GLOBANT 32.53 ▲ 1.72% TECNOGLASS 47.00 ▲ 2.91% GAP AIRPORT 225.41 ▼ 1.05% ASUR 282.48 ▼ 0.35% OMA AIRPORT 107.67 ▼ 0.22% AMX ADR 26.24 ▲ 0.50% FEMSA ADR 128.54 ▼ 0.18% CEMEX ADR 13.13 ▲ 0.46% PETROBRAS ADR 17.74 ▼ 0.70% VALE ADR 14.26 ▼ 2.83% ITAU ADR 8.34 ▼ 1.30% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.06 ▲ 0.83% CSN 1.03 ▼ 0.49% GERDAU 4.77 ▼ 0.73% LATAM ADR 53.60 ▼ 2.31% BTC 64,502 ▼ 0.33% ETH 1,878 ▼ 2.01% SOL 76.35 ▼ 1.18% XRP 1.11 ▼ 0.18% BNB 578.20 ▼ 0.33% ADA 0.16 ▼ 1.21% DOGE 0.07 ▼ 0.79% AVAX 6.62 ▼ 1.14% LINK 8.42 ▼ 1.37% DOT 0.85 ▼ 0.05% LTC 45.22 ▲ 0.21% BCH 222.10 ▼ 0.47% TRX 0.32 ▼ 0.44% XLM 0.19 ▲ 1.80% HBAR 0.07 ▲ 0.02% NEAR 2.06 ▼ 0.20% ATOM 1.53 ▼ 1.58% AAVE 91.85 ▼ 4.15% SELIC 14.25% EMBRAER 83.07 ▲ 0.87% EMBRAER ADR 65.18 ▲ 0.43% JBS 12.28 ▲ 1.49% JBS BDR 62.46 ▲ 1.68% MBRF3 15.25 ▼ 0.97% MBRFY 2.99 ▲ 4.18% INTER 5.55 ▼ 1.33% EGX 52,928 ▲ 0.70% USD/ZAR16.43▲ 0.64% USD/NGN1,378▼ 0.12% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY162.52▲ 0.21% USD/CNY6.76▼ 0.11% DAX 24,915 ▼ 0.34% CAC 8,378 ▼ 0.05% FTSE 10,572 ▲ 0.54% MIB 52,374 ▼ 0.07% IBEX 19,304 ▲ 0.15% STOXX 643.73 ▲ 0.16% EUR/USD1.14▼ 0.21% GBP/USD1.35▲ 0.54% SPX 7,545 ▼ 0.36% DJI 52,620 ▼ 0.07% NDX 29,110 ▼ 1.33% RUT 2,979 ▲ 0.09% TSX 35,338 ▼ 0.22% VIX 16.42 ▲ 4.79% USD/CAD1.40▲ 0.01% US10Y 4.5750 ▲ 0.66% IBOV 175,017.19 ▼ 0.56% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,249,524 ▼ 1.27% COLCAP 2,268.93 ▼ 1.01% BVL PERÚ 57,112.22 — — USD/BRL 5.10 ▲ 0.41% USD/MXN 17.45 ▲ 0.35% USD/CLP 927.20 ▲ 0.13% USD/COP 3,224 ▼ 1.11% USD/PEN 3.39 ▲ 0.30% USD/ARS 1,474 ▼ 0.14% USD/UYU 40.18 ▲ 1.21% USD/PYG 6,030 ▲ 1.35% USD/BOB 10.63 ▲ 3.73% USD/DOP 58.28 ▲ 0.05% USD/CRC 447.87 ▲ 1.07% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.73 ▲ 0.09% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.31% USD/TTD 6.75 ▲ 1.34% EUR/BRL 5.83 ▲ 0.43% BRENT 85.38 ▲ 0.51% WTI 79.28 ▼ 0.40% IRON ORE 161.91 — — COPPER 6.34 ▲ 0.80% GOLD 3,989 ▼ 1.36% SILVER 56.19 ▼ 1.61% SOY 1,198 ▼ 0.40% CORN 463.25 ▲ 3.52% WHEAT 672.75 ▼ 0.70% COFFEE 312.25 ▼ 6.64% SUGAR 14.50 ▼ 2.36% ORANGE JUICE 134.85 ▼ 2.88% COTTON 79.07 ▼ 1.85% COCOA 5,377 ▼ 6.28% BEEF 222.53 ▼ 3.30% CATTLE 344.68 ▼ 1.51% LITHIUM 68.98 ▼ 2.93% PETR4 40.66 ▲ 0.17% VALE3 72.97 ▼ 2.07% ITUB4 42.70 ▼ 1.02% BBDC4 18.39 ▼ 1.13% ABEV3 15.59 ▲ 0.13% BBAS3 20.62 ▲ 0.34% B3SA3 15.38 ▼ 1.98% WEGE3 43.90 ▼ 0.81% PRIO3 57.63 ▲ 0.23% SUZB3 42.03 ▲ 1.33% RENT3 39.63 ▼ 1.78% AZZA3 18.60 ▼ 0.32% CSAN3 3.92 ▼ 0.25% RAIZ4 0.30 ▲ 3.45% PCAR3 2.68 ▲ 2.29% GMAT3 3.94 ▼ 1.01% PSSA3 55.04 ▼ 0.33% CVCB3 1.37 ▲ 2.24% POSI3 3.88 ▼ 1.77% SLCE3 13.65 ▲ 1.11% NATU3 8.60 ▼ 0.81% BRKM5 6.17 ▼ 3.74% RANI3 8.06 ▲ 1.00% CSNA3 5.17 ▼ 1.34% CMIN3 5.49 ▲ 4.77% USIM5 8.17 ▼ 0.37% GGBR4 24.19 ▼ 0.04% ENEV3 26.14 ▼ 3.01% CPFE3 46.86 ▲ 0.06% CMIG4 11.03 ▼ 1.08% EQTL3 39.97 ▼ 0.89% LREN3 13.77 ▼ 2.34% VIVT3 35.59 ▲ 0.34% RAIL3 14.06 ▼ 0.07% KLABIN 17.52 ▲ 0.75% RAIA DROGASIL 18.65 ▼ 0.11% RDOR3 35.77 ▼ 0.67% HAPV3 10.77 ▼ 2.00% FLRY3 16.38 ▼ 0.79% SMTO3 15.75 ▲ 1.42% UGPA3 31.96 ▲ 2.77% VBBR3 34.36 ▲ 1.81% BBSE3 40.98 ▲ 0.66% BPAC11 56.71 ▼ 0.58% CURY3 31.97 ▼ 2.32% AERI3 2.02 — 0.00% VIVARA 23.25 ▼ 1.15% COMPASS 24.98 ▼ 0.52% VAMOS 3.21 ▲ 2.88% SANB11 26.87 ▼ 0.48% ASAI3 8.55 ▼ 1.27% SBSP3 29.89 ▼ 0.30% WALMEX 49.36 ▼ 0.68% GMEXICO 200.87 ▲ 0.33% FEMSA 224.27 ▲ 0.61% CEMEX 22.90 ▲ 1.24% GFNORTE 180.13 ▼ 1.82% BIMBO 59.13 ▲ 2.80% TELEVISA 9.55 ▼ 0.10% AMX 22.93 ▲ 0.57% GAP 394.13 ▼ 0.74% ASUR 282.48 ▼ 0.35% OMA 234.56 ▼ 0.27% KOF 178.76 ▲ 1.02% GRUMA 285.80 ▲ 1.59% KIMBER 38.72 ▲ 0.16% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,850 ▲ 0.38% GGAL 8,085 ▼ 1.46% PAMPA 5,150 ▼ 1.72% TXAR 665.50 ▼ 0.82% ALUAR 963.50 ▲ 0.42% TGS 9,570 ▼ 1.85% CEPU 2,300 ▼ 1.88% MIRGOR 16,975 — 0.00% COME 45.04 ▼ 1.29% LOMA NEGRA 3,625 ▲ 0.35% BYMA 301.25 ▼ 0.90% TELECOM ARG 4,265 ▼ 1.16% ECOPETROL 16.00 ▲ 0.13% BANCOLOMBIA 79.30 ▼ 2.77% GRUPO AVAL 4.99 ▼ 0.80% CREDICORP 390.85 ▼ 1.85% SOUTHERN COPPER 176.72 ▼ 2.66% BUENAVENTURA 30.09 ▼ 2.04% MERCADOLIBRE 1,853 ▲ 0.52% NUBANK 13.92 ▲ 0.25% XP 16.72 ▼ 0.92% PAGSEGURO 9.19 ▼ 0.22% STONE 11.21 ▼ 0.66% GLOBANT 32.53 ▲ 1.72% TECNOGLASS 47.00 ▲ 2.91% GAP AIRPORT 225.41 ▼ 1.05% ASUR 282.48 ▼ 0.35% OMA AIRPORT 107.67 ▼ 0.22% AMX ADR 26.24 ▲ 0.50% FEMSA ADR 128.54 ▼ 0.18% CEMEX ADR 13.13 ▲ 0.46% PETROBRAS ADR 17.74 ▼ 0.70% VALE ADR 14.26 ▼ 2.83% ITAU ADR 8.34 ▼ 1.30% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.06 ▲ 0.83% CSN 1.03 ▼ 0.49% GERDAU 4.77 ▼ 0.73% LATAM ADR 53.60 ▼ 2.31% BTC 64,502 ▼ 0.33% ETH 1,878 ▼ 2.01% SOL 76.35 ▼ 1.18% XRP 1.11 ▼ 0.18% BNB 578.20 ▼ 0.33% ADA 0.16 ▼ 1.21% DOGE 0.07 ▼ 0.79% AVAX 6.62 ▼ 1.14% LINK 8.42 ▼ 1.37% DOT 0.85 ▼ 0.05% LTC 45.22 ▲ 0.21% BCH 222.10 ▼ 0.47% TRX 0.32 ▼ 0.44% XLM 0.19 ▲ 1.80% HBAR 0.07 ▲ 0.02% NEAR 2.06 ▼ 0.20% ATOM 1.53 ▼ 1.58% AAVE 91.85 ▼ 4.15% SELIC 14.25% EMBRAER 83.07 ▲ 0.87% EMBRAER ADR 65.18 ▲ 0.43% JBS 12.28 ▲ 1.49% JBS BDR 62.46 ▲ 1.68% MBRF3 15.25 ▼ 0.97% MBRFY 2.99 ▲ 4.18% INTER 5.55 ▼ 1.33% EGX 52,928 ▲ 0.70% USD/ZAR 16.43 ▲ 0.90% USD/NGN 1,378 ▼ 0.11% NIKKEI 66,836 ▼ 2.79% CSI300 4,698 ▼ 1.85% HSI 25,009 ▲ 1.33% NIFTY 24,073 ▼ 0.02% KOSPI 6,821 ▼ 6.37% JCI 6,108 ▲ 1.10% USD/JPY 162.51 ▲ 0.23% USD/CNY 6.7612 ▲ 0.05% DAX 24,915 ▼ 0.34% CAC 8,378 ▼ 0.05% FTSE 10,572 ▲ 0.54% MIB 52,374 ▼ 0.07% IBEX 19,304 ▲ 0.15% STOXX 643.73 ▲ 0.16% EUR/USD 1.1439 ▼ 0.25% GBP/USD 1.3469 ▼ 0.50% SPX 7,545 ▼ 0.36% DJI 52,620 ▼ 0.07% NDX 29,110 ▼ 1.33% RUT 2,979 ▲ 0.09% TSX 35,338 ▼ 0.22% VIX 16.42 ▲ 4.79% USD/CAD 1.4044 ▲ 0.05% US10Y 4.5750 ▲ 0.66%
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Thursday, July 16, 2026

Colombia’s Broad-Left Experiment: Cepeda Rides High As Moderates Push Back

By · November 21, 2025 · 2 min read

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Colombia’s next presidential race is already under way, and it turns on a quiet but crucial battle inside the governing camp.

The key question is whether more moderate figures can tame and reshape the ambitious project launched by President Gustavo Petro, or if the country will head into another highly ideological experiment.

The official favorite is Iván Cepeda, a veteran human-rights senator and close ally of Petro. He recently won the left’s internal primary with around 1.5 million votes, making him the man to beat and a likely contender in a second round.

For many activists, he represents continuity: deeper reforms, a tougher stance on big business, and a peace policy that negotiates with almost every armed group at once.

For many ordinary Colombians, however, this looks like a high-risk bet in a country where most people still see themselves in the political middle.

Colombia’s Broad-Left Experiment: Cepeda Rides High As Moderates Push Back. (Photo Internet reproduction)
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That is where Juan Fernando Cristo and Roy Barreras enter the story. Cristo, a former interior minister with liberal roots, helped design the landmark Victims and Land Restitution Law and pushed the implementation of the FARC peace deal.

He now runs under his own revived party, En Marcha, promising institutional stability, fiscal realism and a government that “unites, not divides” – a subtle criticism of the constant confrontation that has defined recent years.

Test of disciplined governance without internal collapse

Barreras, a doctor by training and political survivor by instinct, has moved across the spectrum over his career and is now positioning himself as a centrist voice with a message of “total security.”

He distances himself from Petro’s “total peace” experiment, which has consumed energy without delivering a visible drop in violence or clear rules for investors and local communities.

Behind closed doors, these three and other figures are negotiating a Broad Front – a big-tent coalition that could hold a joint primary on the same day as the March 8 legislative elections.

The idea is simple but explosive: present voters with one single candidate who can inherit some of Petro’s social agenda while calming markets, reassuring institutions and reconnecting with the middle-class majority.

For expats, investors and observers abroad, this is the real story: Colombia is testing whether its governing camp can pivot toward discipline, security and predictability without blowing itself up from within.

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